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Analyst Insights Alberto Carmona

124 Insights

Alberto Carmona

Graduated at the University of Seville (Spain) and University of Paderborn (Germany) with a Bachelor in Economics and Business Administration and an Executive MBA from Institute San Telmo (partner school of IESE). Worked in Abengoa Bioenergy from 1999 through 2017 when I founded NixAl Commodities, an Ethanol boutique focused on market intelligence, risk management and engineering. Professional background in financial and commercial activities, promoting and financing renewable energy projects in Europe, Brownfields and Greenfields. I have been active in the international development of Bioethanol since 2001 having lived and worked in The Netherlands, Brazil and U.S., the three main markets, while leading global trading operations, risk management and lobbying.

USDA Corn Forecast Drives Corn Market Lower

  • The USDA forecast a 3% increase in American corn plantings in 2023.
  • They also forecast higher corn stocks this year.
  • EU wheat seems to have survived the winter without frost damage.

Alberto Carmona

9 months ago

3 min read

Grains Markets Watch South American Weather

  • Brazilian soybean harvest slow at 15.4% done vs 25% last year.
  • Brazil first corn crop at 11% vs 17.5% last year.
  • Argentine rains not sufficient for good corn development.

Alberto Carmona

9 months ago

3 min read

Rains Delay Brazil Soybean Harvest

  • Brazil soybean harvest 5.2% complete vs 11.6% last year.
  • Rains have disrupted harvesting so far.
  • This is also delaying the safrinha corn plantings.

Alberto Carmona

10 months ago

2 min read

Russia Slows Grains Exports from Black Sea

  • Delays to Ukrainian grains exports due to slow vessel inspections.
  • Reports of a 45 day wait after Russia slows inspection process.
  • Appears to be move from Russia to prioritise their own wheat exports.

Alberto Carmona

10 months ago

4 min read

Grains Markets Adapt To Heavier Supply

  • Russia has suggested they could limit corn exports to avoid low stocks.
  • But otherwise corn and wheat feel well-supplied.
  • Russia has also harvested an all-time record amount of wheat.

Alberto Carmona

10 months ago

3 min read

American Corn Production Forecasts Fall

  • US Dept of Agriculture reduces corn production forecast.
  • Chicago corn futures rallied as a result.
  • Current prices are justified given the crop uncertainty.

Alberto Carmona

11 months ago

3 min read

Black Sea Grains Exports Fall 16% in a Week

  • Inspections are slowing vessel traffic from Ukrainian ports.
  • Ukraine is blaming Russia for slowing the inspection process.
  • Grain exports last week were 691k tonnes, down from 800k-1m tonnes normally.

Alberto Carmona

12 months ago

3 min read

First Ever Shipment of Brazilian Corn to China Loaded

  • The first-ever shipment of corn from Brazil to China is underway.
  • China had allowed Brazilian shipments after phytosanitary requirements were met.
  • This was negative for US Corn as FOB Gulf prices are not competitive.

Alberto Carmona

12 months ago

3 min read

Weak Soybean Futures Drag Corn Lower

  • Weak soybean futures also dragged US corn and wheat lower.
  • American corn FOB offers remain too high.
  • Ukrainian corn harvest remains very delayed.

Alberto Carmona

12 months ago

3 min read

Grains Supply Risks Rise Again

  • American wheat is suffering from low soil moisture.
  • Higher temperatures may leave EU wheat vulnerable when freezing temperatures arrive.
  • There is a risk Ukrainian corn may not be fully harvested.

Alberto Carmona

1 year ago

3 min read

Ukraine Grains Export Corridor Extended

  • Ukraine grains export corridor extended by 120 days.
  • This has led to some negative momentum on grains futures markets.
  • The northern hemisphere corn crop is now virtually complete.

Alberto Carmona

1 year ago

2 min read